About the Industry
Automotive wheel repairs generated about $1.6 Billion* in revenue in the United States. We are one of the nation’s leaders with over $100 Million in systemwide sales and about 7% market share.
The industry is expected to grow at 7% per year*. At this rate, the industry is expected to double in size in 10 years.
* L.E.K. ConsultingWhat's driving
the Growth?Used car sales are projected to grow at 9% per year
Auto dealers often repair and recondition wheels before they show the car to capture a higher price.Auto Repair Statistics 2024
284M vehicles and over 255M drivers in the USA
We now have the most operating vehicles than any other time in US history.S&P Mobility 2023
Wheels and rims are expensive to replace
Automobile owners, auto body shops, car dealers, and insurance companies would all rather recondition and repair wheels and rims rather than replace them. It costs about $150 to repair a wheel vs. $600 to $1200 to replace.Every car has 4 wheels!
And our business is unaffected by sales of hybrid or electric vehicles!About AWRS